A price prediction
Predicted price range for Agilent Technologies Our trading algorithm values Agilent Technologies (A) to be fairly valued. ###PLOTLYGRAPH### The red …
Read ArticlePredicted price range for Cadence Design Sys
Our trading algorithm values Cadence Design Sys (CDNS) to be fairly valued.
The red lines in this plot symbolize the changepoints of the price, meaning that the trend or direction changed, either from a down to an uptrend, or the other way around.
| Name | Value |
|---|---|
| Our valuation | fairly valued |
| Current trend | uptrend |
| Buy/Sell Recommendation | Neutral |
| Current Price | $150.55 |
| 60 Day Prediction | $155.45 |
| 60 Day Pred - Lower Bound | $146.27 |
| 60 Day Pred - Upper Bound | $164.68 |
Our algorithm predicts the future trend with the linear formula (a*x + b = y):
$ price = 0.071 * nr_days_in_the_future + 153.329
Based on this information, our algorithm recommends the trading decision: Neutral. Remember that this is not investment advice, and only a statistical analysis. Do your own research.
Historic price development
CDNS traded at $150.55 this Friday October 14th, loosing $-4.16 or -2.7632039706297458 percent since last week.
Looking back, over the last month, CDNS has been loosing $-16.64 or -11.052805747156144 percent.
Over the last year, it has been loosing $-8.28 or -5.499833019897237 percent.
Seasonality of Cadence Design Sys
Using our AI model, we have been analyzing the value change for Cadence Design Sys depending on the day or month of a year. This can be seen in the following graph:
